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optionfarmers

bond are down trending but possibly oversold

10 Year T-Note Futures (CBOT:ZN1!)  
optionfarmers Updated   
CBOT:ZN1!   10 Year T-Note Futures
Trend Analysis Chart Patterns bonds notes rates futures options Commodities
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trendanalysis chartpattern bonds notes rates futures options commodities
ZN1!
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bonds are getting beat up and oversold. the world money system is based on these bonds as collateral, so unless the world will fall apart in turmoil, we must assume that investors will still be interested in lending to the US and buy bonds when oversold. I am specifically interested in the 10 year instead of the 5 year note or long term 20-30yr bond. The 10 year should be more attractive to all investors who seek yield, and the yield on the 10 is current very close to the 20-30 year bond, rewarding well for the time and also giving investors an exit if forced to hold the notes for the entire 10 year duration.

In my opinion, the trade I would take is to buy 10 year notes and build a position, and then look for a rise retracement of 50% of the down move, so somewhere around 124 on the note contract. low 120 to 124 area is 3-4% potential return before leverage factor in a few weeks to month potentially, if trade idea worked. no guarantee of course, but I'd still be long bonds, not some penny stock.
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